Member Info for Crossley

It’s a cyclical stock though. And right now it’s like trying to ride that cycle through mud. It also fell to £9.25 in late ‘23. It really should never have been allowed to trade at £30 ( 3 X TNav). A suicidal policy by the board that set Persimmon back quite a few years. Thankfully for PSN, it appears they’ve learned their lesson

I suppose you could look at it, and not saying for one moment this will happen, but on a value basis, now to back then..

The FTSE would need to drop by 32% to hit that intra day low back on that day in ‘22. If LGen was to follow it, even with a beta of 1. LGen would be sitting at £1.60. All things being equal, cheap?

An addition and something I use. LGen’s beta to the FTSE at that time was around 4.3. Remarkable

Looking at the last 5 years the low was about 207p. I can't remember what was in the news back then to drag it down unlike now where it’s more current.

Remember it well. I actually bought that day. We had the LDI fiasco, Truss had done her thing, and on that particular day, 13th October 2022, at lunch time the CPI data came out over in the US, above consensus, and all world markets and futures took an instant 2- 3% hit. LGen dropped to £2.01. Had to check this bit but for reference, the FTSE fell to 6722 on the intra day low..

You certainly inadvertently (?) used the correct word there NW92. REAK. Isn’t it just..

Reak" is an archaic or obsolete term, primarily found in older literature, referring to a trick, prank, or a rush.

That’s an interesting valuation boonie, here is something I posted somewhere else in early February….

NWG. Normally, by now, after making a total return of around 280% in 28 months I’d have quite literally s**t myself and be long gone. But, I do not see any reason why I cannot keep brushing away and leave that stone sitting pretty for a while longer yet. Using the scribblers average return to shareholders, I’m fully expecting the interim dividend to grow to 11p (from 9.5p) alongside the 23p just announced.

On the current SP of £6.15 that should give me a 5.52% yield. I’ve EPS growing to 75p (68p just announced) and hoping the return to shareholders, returns to 50% (as stated) up from the 47.5% just released due to that chunky £2.7B Evelyn purchase. A shrewd move for the future, even if a little more costly than they wanted. I’ve checked on past average yields and since 2021 (excluding ‘23 as the SP was so low) it’s coming in around 5.2%. Just where it sits today.

Anyway, if history is anything to go by, somewhere, at some point, £7.12 should be seen in the future. I had posted an alternative figure on the NWG chat, but have since tidied it up a bit and altered the SP prediction based on a 5.2% yield from 5% to match the historical average…

What’s two pence between friends..

Afternoon fleccy,

For me personally, I'm happy with how Aviva is progressing. The dividend this year is expected to be around 39p for the full year (6.4% @ £6.10), is well covered, and looking to increase 6-7% moving forward. Along with the fact that Amanda is at the helm, is an added bonus. Just look at the total return on this thing since she took over the reins in mid 2020. On a side note, have you considered standard life? Dividend is 'only' expected to increase 2.5% annually, although this year it should be 56.1p against a current price of £6.62 (8.47%).

Also, do not overlook LGen's buyback that's just kicked off, £1.2B (9% of MCap) so should hopefully help prop up the SP to go along with that chunky 9.2% yield.Tricky isn't it?...

What are the alternatives? IG? A J Bell?

With AJ Bell. Not long (couple of months) opened IG due to reduced fees (should be free for me) and 3.75% uninvested. So far so good

Didn’t wait long then AllAtSea.

Best of luck moving forward

If this hits £5 I will buy more, seriously pushing up my average. EPS estimates have actually increased since the conflict began, apparently. At £5 and if 50% attributable earnings is paid out, that would be a forward yield of 7.3%. And 2 X cover. There ain’t many of those knocking about. Actually, are there any?..

Just filter him/her then…

Started drip feeding back in here just now. Got to start somewhere. Sold out at around 8:10am on results day once it started slipping..

All the best moving forward

Always shop around for car insurance. Usually, my renewal is huge compared to the prior year. Both the misses and I are with Aviva and they’re both up for renewal in March. Both came in about £20 above the cheapest quote on a comparison site. It’s like they know….

Vistry has had an habit of hard-balling.

9/2023. Vistry aims to return £1B to shareholders.

10/2023 Vistry demands subbies/ suppliers knock 10% off costs.

10/2024 Not until then, the first profit warning.

Just saying..

43% of those homes had seen their price reduced, with the average cut among discounted properties running at 6.4% – equivalent to roughly £20,000 to £40,000 off a typical home.

If you take the 43% at 6.4%, along with the 57% that’s not being discounted. All things being equal, that equates across the board as a discount rate of 2.75%.

Rates on hold with a vote of 9-0 against consensus of 7 for hold and two for a cut

Re-entered @ £2.84. All the best…

Morning, expecting a battering on open today. Got the FTSE opening around 125 (-1.2%) points down, that’s gonna be propped up by the oilers with Brent up 5.25% since the (FTSE) close at 4:30pm. DAX looks down on open somewhere around 380 points down (1.6%) points…

Best of luck, £5.40’s?

06 January 2026

Prudential announces launch of USD 1.2 billion share buyback programme

Prudential plc (the "Company") announces that it will commence a buyback programme of its ordinary shares up to a maximum aggregate amount of USD 1.2 billion (the "Programme"). Given the size of the Programme, it is intended that it will be completed by no later than 18 December 2026.

That’s a flexible isa (allowed to take and put back in).

Check all charges (running plus dealing charges) And something that’s been particularly relevant to me at this time. Interest on un-invested cash. I’ve not long opened a S&S isa with IG and they are paying me 3.75% on uninvested, with no dealing costs (if criteria met, not hard).

Your favourite AI friend can calculate on your personal circumstances which is cheapest for yourself..

All looks good to me. And beat on most metrics.

Following par for the course after AV, MNG & LGen. Sure it’ll be back up around £7 in no time, markets allowing. Dividend actually up 2.6% and slightly above estimates of +2.5%.